Good afternoon, everyone, and thank you for joining us. I'm going to start my remarks by focusing on the big picture.

Between 2012 and 2017, we executed our strategic reallocation plan with the objective of creating a franchise that would generate durable cash flow growth regardless of the broader economic environment. We've methodically recycled capital away from traditional commodity suburban office properties and into developing assets as strategic Defense/IT Locations. We also delevered to create access to public investment-grade bond market and enhance our financial flexibility.

Before the SRP, we derived only half our annualized rents from Defense/IT Locations. Today, we derive 88% of our rents from locations that support defense activities of the United States government and its contractors engaged in national security, defense information technology and cybersecurity activities among others. These activities are driven by long-term contracts in U.S. government funding and are not correlated with the general economic activity. The missions executed in our buildings never shut down.

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